China, Russia quit dollar
By Su Qiang and Li Xiaokun (China Daily)

With all the talk about America gradually being overtaken by countries like China and India, this might be the biggest blow yet to America's global super-power status.

A development like this could seriously exacerbate America's struggling economy, affect Nigeria's own economy (not like we have plenty dollars at the moment anyway) and accelerate the shift of global super power to China or Russia. Especially devastating would be if Japan or South Korea adopt either the rouble or the remnibi for bilateral trade.

Is any other person concerned about a development like this? This could cause some turmoil in the markets.

http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm